“Even in tough global conditions, we’re hopeful of delivering strong, mutually beneficial outcomes soon,” says Rajesh Agrawal, India’s chief negotiator.Rajesh Agrawal, Special Secretary in the Ministry of Commerce, has said that bilateral trade discussions with the United States are “progressing positively” and that both sides are working towards a partnership rooted in complementary strengths and strategic alignment.
Speaking at the CII Annual Business Summit 2025, Agrawal highlighted India’s constructive approach to the talks. “India and the US are complementary economies. What we produce, they don’t—and vice versa. We compete in only a few areas. Mostly, we can grow together,” he elaborated.
Agrawal emphasised that India is pursuing a trade deal that facilitates businesses from both nations to collaborate meaningfully. “Our aim is to build preferential pathways where businesses on both sides become natural allies—working together, scaling together,” he said, adding that “a well-negotiated deal could be a defining moment in global trade.”Discussions around a bilateral agreement began even before reciprocal tariffs were introduced, Agrawal remarked, stressing that India remains focused on mutual gains. “The US narrative around trade deficits is for them to manage. We believe in the opportunity this partnership represents.”
Speaking at the CII Annual Business Summit 2025, Agrawal highlighted India’s constructive approach to the talks. “India and the US are complementary economies. What we produce, they don’t—and vice versa. We compete in only a few areas. Mostly, we can grow together,” he elaborated.
Agrawal emphasised that India is pursuing a trade deal that facilitates businesses from both nations to collaborate meaningfully. “Our aim is to build preferential pathways where businesses on both sides become natural allies—working together, scaling together,” he said, adding that “a well-negotiated deal could be a defining moment in global trade.”Discussions around a bilateral agreement began even before reciprocal tariffs were introduced, Agrawal remarked, stressing that India remains focused on mutual gains. “The US narrative around trade deficits is for them to manage. We believe in the opportunity this partnership represents.”
Beyond bilateral ties, Agrawal touched on the broader disruption in global trade systems. He cited over-concentrated supply chains, excessive dependence on select geographies, and an outdated obsession with just-in-time inventory models as key factors fueling economic unpredictability. “Businesses today are being forced to prioritise resilience and risk mitigation—not just return on equity,” he added.
Even as he acknowledged the complexity of today’s trading environment, Agrawal struck a confident note about India’s role. “India is uniquely positioned—we are a growing market and a solid manufacturing base. Our $500 billion GVA in manufacturing is only going to expand,” he said.
(Edited by : Vipal Durge)
First Published: May 29, 2025 7:02 PM IS
